The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CryptoMediumUpdated•Originally published 11 March 2026•Updated 11 March 2026•

1 min read

Prince Holding Group Head Challenges US Seizure of 127,271 Bitcoin

Golden Bitcoin coins and wallets in front of the US Capitol building and American flag, with an upward trend graph.

Key Facts

1Lawyers for Chen Zhi have filed a motion to dismiss the US government's seizure of more than 127,000 Bitcoin.

3 months ago

Version History

Version 13 months ago

What changed: Identified Chen Zhi as head of Prince Holding Group, updated the exact figure to 127,271 BTC, and linked the case to global online scam networks.

Lawyers representing Chen Zhi, head of the Cambodia-based Prince Holding Group, have filed a legal challenge against the US government's seizure of 127,271 Bitcoin. The case is linked to extensive global online scam networks, with authorities seeking to forfeit assets derived from these alleged criminal activities. The defense argues that the government has failed to provide sufficient evidence connecting the digital assets to illicit origins. This case is highly significant due to the massive volume of Bitcoin involved, which could impact market supply and demand dynamics. Investors are closely monitoring the proceedings, as a successful challenge could set a major precedent for how seized digital assets are handled in international criminal cases. The resolution of this matter highlights the ongoing complexities of tracing and proving the source of funds in large-scale digital financial crimes.